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secretary clinton and the russian foreign minister downplayed expectations of a breakthrough. the leaked intelligence reports of chemical agents being mixed for use by the assad regime come on the eve of a crucial meeting of the friends of syria in morocco. secretary of state clinton will be there and wants to unite international response as rebels push toward the capital. assad's fall is looking imminent. syrian officials accuse the west of looking for a pretext to intervene. no international flights have been allowed to land at damascus airport for a week. >>shepard: what is the pentagon doing? are they preparing for the possible of intervention? >>reporter: they are actively planning and expect substantial fighting. there is increasing evidence that some of the shoulder-fired missiles that the c.i.a. was trying to track down in libya, and f-16's may have migrated to syria bringing down a helicopter and fighter jet last week. reports that save gas has been loaded on to canisters, the united states set up a task force at a base north of jordan, in amman, that included 150 spe
secretary clinton and the russian foreign minister downplayed expectations of a breakthrough. the leaked intelligence reports of chemical agents being mixed for use by the assad regime come on the eve of a crucial meeting of the friends of syria in morocco. secretary of state clinton will be there and wants to unite international response as rebels push toward the capital. assad's fall is looking imminent. syrian officials accuse the west of looking for a pretext to intervene. no international...
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>> yeah, but victoria's point about reagan and clinton. we had economic groh then because government was not eating up everything. incentives wereetter aligned for business people to create jobs. i believe in the old parable it is bter to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schls are not doing that. >> i don't think the government ads are doing it either. >> taking ait for hitting the health care law. the name behinded lobster could have you paying upven more. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ where's tommy? i thought he was with you. . jack! (playing twinkle, twinkle, little star.) tommy? go get him! don't stop! keep playing! here we go. here's the fun part! did you do this? great job! your latest headlines always at fox ns.com. >> a business hit for speaking your mind about obama care. warning that their earnings are take a hit because the bad press press they got. victorias job creators can't afford to stay quiet. >
>> yeah, but victoria's point about reagan and clinton. we had economic groh then because government was not eating up everything. incentives wereetter aligned for business people to create jobs. i believe in the old parable it is bter to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schls are not doing that. >> i don't think the government ads are doing it either....
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>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for business people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government ads are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >> fox news alert.
>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for business people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government ads are doing it...
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>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. your latest healines always at fox
>> yeah, but victoria's point about reagan and clinton. we had economic growth then because government was not eating up everything. incentives were better aligned for busiss people to create jobs. i believe in the old parable it is better to teach a man how to fish than give him fish. long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either....
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. >> james, you are super, but if you give the democrats the great clinton tax rates you have to get the spending rate to g.d.p. at the same time. >> you are right. we will see. >> ruth from tell. >> i am in agreement with the fiscal cliff, you are my hero. we. >> robert, e-mail, perfect solution, again you nailed it, neil. >> jay from arizona, to the super hero i am glad someone is coming to the aid of the country. if you want do be a super hero you may want to turn your tall ends to educate the people on economics of country. >> that is what i do as a mortal on this follow show and on fox business network each day, jay every day, without a super her overoutfit. >> and i often watch with my dad and i think you are funny but i wonder, was he an odd kid? you seem like you would have done some odd things? >> well, if you call always worrying about the planet trying to say that the odds, well, guilty. >> kathy from hotmail, i love you, not in a romantic we because you saw it as it is. why not run for budget? i was too busy being a super hero, leaving mere mortals to lead. >> from north
. >> james, you are super, but if you give the democrats the great clinton tax rates you have to get the spending rate to g.d.p. at the same time. >> you are right. we will see. >> ruth from tell. >> i am in agreement with the fiscal cliff, you are my hero. we. >> robert, e-mail, perfect solution, again you nailed it, neil. >> jay from arizona, to the super hero i am glad someone is coming to the aid of the country. if you want do be a super hero you may want...
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. >> the president says, oh, go back a little bit to clinton's old tax rates, but he's not because clinton's rates affected everyone, not just the small sliver of the population. a 3.8% unearned income tax is kicking in on january 1st. gerri: obamacare. >> capital gains going from 15% to that 25*%. dividend taxes going 15% to 44% under current law without a thing done as far as the president obama wanting the taxes on the rich to go up. he's already done it. there's 1% medicare tax on people who earn over $250,000 a year. gerri: income tax. >> a payroll tax strictly. it's added to the medicare tax that's taken out, makes a small stop in the trust fund, and funds another program that the president likes. this is the problem. the president is not hoonest with us or the american people. he tells you he loves you and wants to take care of you, but the fact of the matter is, he's going to raise your taxes to a level that, in fact, it's going to kill economic activity in the country. how do we know? look what's happening. on your crawl on the television, dividends paid before december 31st, and wh
. >> the president says, oh, go back a little bit to clinton's old tax rates, but he's not because clinton's rates affected everyone, not just the small sliver of the population. a 3.8% unearned income tax is kicking in on january 1st. gerri: obamacare. >> capital gains going from 15% to that 25*%. dividend taxes going 15% to 44% under current law without a thing done as far as the president obama wanting the taxes on the rich to go up. he's already done it. there's 1% medicare tax...
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fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the launch of a satellite. the west says it's not a satellite at all. just cover for testing missile technology. still ahead, remembering the glory days of america's manned space program. up first, though, remembering a day that will live in infamy. we will meet a man who sur viveed pearl harbor twice -- who survived pearl harbor twice. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. stop! stop! stop! come back here! humans -- w
fox news just learned by the way secretary of state hillary clinton will be testifying before the house foreign affairs committee on benghazi. that likely will happen before the end of the president's current term. >>> snow may be slowing north korea preparation for another rocket launch. south korean report that the north mounted all three stages of the vehicle may not have been accurate. satellite images indicate that the north could still be ready by monday. for what it says is the...
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whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't expect to start using your cell phones on airplanes. at least not yet. it could soon be okay to use your ipad, kindle and laptop takeoff and landing at least if one government heavy hitter gets his way. friday fox report.fi try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. [ male announcer ] it's that tim
whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't...
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clinton rates as he says. when you had these taxes in, his proposal to actually increase taxes on the rich, quite a bit above where they were in the clinton years. >> the new taxes on wages and investment income, they're designed to raise, the number is, $318 billion over the next ten years or about half of all the new revenue that will be collected under the health care law. it's been pointed out the new taxes also come with a marriage penalty for those who qualify. >> i'm not hugely convinced. here's the way it works. the taxes kick in for individuals making more than $200,000 or families making more than $250,000. number one, anybody who's getting married is under those levels is seeing nothing here. that's the vast, overwhelming majority of americans. now, the way the marriage penalty can work is let's say two people get married and they both make $200,000. or $199,000, maybe. if they didn't get married, they wouldn't experience any tax increase. if they do get married and they file jointly, you're making
clinton rates as he says. when you had these taxes in, his proposal to actually increase taxes on the rich, quite a bit above where they were in the clinton years. >> the new taxes on wages and investment income, they're designed to raise, the number is, $318 billion over the next ten years or about half of all the new revenue that will be collected under the health care law. it's been pointed out the new taxes also come with a marriage penalty for those who qualify. >> i'm not...
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who better to talk about all of that than robert reich, former secretary of labor in the clinton administration and current economics professor at the university of california at berkeley. good to see you. thanks so much for joining us. >> how are you? >> let's talk about these numbers on friday, the surprisingly strong jobs numbers. 146,000 new jobs created. the unemployment rate dropping to 7.7%. we were expecting some impact from the super storm sandy in earlier thanksgiving. what do the numbers say about the economy? >> apparently we are still struggling. these are not hugely wonderful numbers but undoubtedly we're moving in the right direction. the early thanksgiving may have canceled out negative effects of sandy. sandy really did not have much of an effect in november. >> interesting -- do you think we'll see revisions next month? >> we probably will. every month we're seeing revisions and so far they have been downward. the revisions we saw friday for october and september, were both downward slightly. i wouldn't be surprised if we see downward revisions coming up. >>> the other big sto
who better to talk about all of that than robert reich, former secretary of labor in the clinton administration and current economics professor at the university of california at berkeley. good to see you. thanks so much for joining us. >> how are you? >> let's talk about these numbers on friday, the surprisingly strong jobs numbers. 146,000 new jobs created. the unemployment rate dropping to 7.7%. we were expecting some impact from the super storm sandy in earlier thanksgiving....
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. >> tonight the bomb scare marred hillary clinton's trip overseas. she tries to mediate tensions in syria. >> the australian djs who won't be pulling anymore .d nurse they >>> san jose police officers say the department turned a corner saying the number of officers fleeing the department is growing faster than the city can train new recruits. abc 7 news brings us the latest in this saga of the incredible shrinking police force. officer tina bowles is one of six people this week signing paper work to walk away from the job at san jose police department. after 27 years, bowles is retiring with a disability and part of an unprecedented exodus. >> the environment is toxic. officers can't speak their minds about what is going on. the chief didn't listen. city hall doesn't care what he have to say. >> this former police officer retired on disability. he and the counsel majority supported the reform policies, including pay cuts, and voter approved pension reforms. >> it's not about this city and the mayor, what it's about is keeping our city afloat. dealing
. >> tonight the bomb scare marred hillary clinton's trip overseas. she tries to mediate tensions in syria. >> the australian djs who won't be pulling anymore .d nurse they >>> san jose police officers say the department turned a corner saying the number of officers fleeing the department is growing faster than the city can train new recruits. abc 7 news brings us the latest in this saga of the incredible shrinking police force. officer tina bowles is one of six people this...
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first the nomination is hillary clinton's if she wants it she's going to take a year or two deciding, my best guest given that she ran in 08 and came so close and wanted to be president that she will in fact do it and if she does, i think she will get the democraticic nomination and be a formidable candidate. >> what about on the other side if you are a republican thinking about running. does anybody stand out in the pack of the usual suspects. we can talk about a few of them. marko rubio and there is it chris christy might be one. in jeb bush. >> in fact there is it a deep bench i think on the republican side. there is it a lot of the people who would be possibly . who will want to come forward. it might be and it is possible 2016 will be a fracous on the republican side and a stately walking toward the coronation on the democraticic side. i say that within the context of knowing that four years of history can turn a number of things on their head. >> what about a third party candidate. earlier this year. 30 percent of people said they were republicans and demcreates and rest indepen
first the nomination is hillary clinton's if she wants it she's going to take a year or two deciding, my best guest given that she ran in 08 and came so close and wanted to be president that she will in fact do it and if she does, i think she will get the democraticic nomination and be a formidable candidate. >> what about on the other side if you are a republican thinking about running. does anybody stand out in the pack of the usual suspects. we can talk about a few of them. marko rubio...
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. >> reporter: secretary of state hillary clinton met with her russian counter part thursday to secure russia's support. >> the international community, specifically the russians are united on this issue. >> reporter: all sides hope the first side of diplomatic issue to end the syrian war. the syrian government has promised not to use any chemical weapons against the people there but the fear is that as assad starts to topple, as the fighting increases in the suburbs of damascus he may feel cornered and no telling what he might do. >> susan mcginnis in washington on a friday morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something d
. >> reporter: secretary of state hillary clinton met with her russian counter part thursday to secure russia's support. >> the international community, specifically the russians are united on this issue. >> reporter: all sides hope the first side of diplomatic issue to end the syrian war. the syrian government has promised not to use any chemical weapons against the people there but the fear is that as assad starts to topple, as the fighting increases in the suburbs of...
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four days ago we offered a serious proceed proceeds albased on testimony of president clinton's former chief of staff. since then there's been no counter offer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be
four days ago we offered a serious proceed proceeds albased on testimony of president clinton's former chief of staff. since then there's been no counter offer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we...
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here's what he said. >> if their competitor in '16 is hillary clinton, supported by bill clinton and presumably still relatively popular president barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush, ronald reagan, last time it happened. nothing is given, but given the demog r demography, her appeal would be formidable. >> the republican party in four years, hopefully more competitive. governors getting their sfripz. marco rubbo and paul ryan, reframing the republican party. is it possible there could be a new republican party in four years? i certainly hope so. we'll see. >> i have been waiting for this all along. newt gingrich, saying hillary clinton formidable. my god. >> i believe hell has frozen over and cats and dogs now getting together. >> i want hillary to run. i'm excited. >> still ahead, on "sta
here's what he said. >> if their competitor in '16 is hillary clinton, supported by bill clinton and presumably still relatively popular president barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush,...
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does it go up to 39.6%, where it was during the clinton administration, 37%. boehner says you know what, you can raise tax revenues by eliminating or capping loopholes or deductions. do it like that. the president awhile ago, about a year and a half ago said this. >> what we said was give us 1.2 trillion in additional revenues, which could be accomplished without hiking taxes, tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> that was july, 2011. so what has changed? he says then -- seems to be where boehner is now. raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wol
does it go up to 39.6%, where it was during the clinton administration, 37%. boehner says you know what, you can raise tax revenues by eliminating or capping loopholes or deductions. do it like that. the president awhile ago, about a year and a half ago said this. >> what we said was give us 1.2 trillion in additional revenues, which could be accomplished without hiking taxes, tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions, and engaging...
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group chose the anniversary of the attacks to honor the vets with the recycled rides program hillary clinton said that they are working on political transition. >> the united states stands with the sir yan people in sh syrian people in insisting that there be a unified democratic syria. >> that comes after she met with the russian prime minister. they still disagree on whether the president will have to leave the country as part of any transition, the u.s. wants him out, the russians do not. . >> a child is dead, another person is critically injured, news chopper 2 is live over a big rig crash. >> and in weather, our break in the rain continues. in fact you can't see now but temperatures are dropping off. coming up, it will be in the mid-30s in the morning. . >> taking you back to breaks news we brought you at the top. one child is dead and we just learned that a driver is also dead in this crash. this is the scene at byron highway near cliff on the court -- clifton court road. we told you earlier that a child around the age of 7 died and in the past minutes we confirm third degree driver of
group chose the anniversary of the attacks to honor the vets with the recycled rides program hillary clinton said that they are working on political transition. >> the united states stands with the sir yan people in sh syrian people in insisting that there be a unified democratic syria. >> that comes after she met with the russian prime minister. they still disagree on whether the president will have to leave the country as part of any transition, the u.s. wants him out, the...
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according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance of the iowa caucus. >> okay. new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after th
according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an...
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secretary of state hillary clinton saying today that future of syria can not possibly include bashar al-assad. >>> 2,000 people gathering at pearl harbor observing the 70th anniversary of attack. in december 7, 1941 a japanese attack killed thousands of americans, thrusting the united states into world war ii. a moment of silence was observed at 7.59 a.m., exactly when the bombing began. that is the news from fox. back to you, tracy. tracy: arthel, thank you very much. the federal government will still be spending trillions of dollars a year with basically no plan to pay for it, hello. rich edson in d.c. to talk about this. you know what? nothing is really going to change, is it? >> right now congress is just trying to figure out how to replace a trillion dollars in automatic spending cuts over the next decade. even with that nearly $100 forecast to grow over the next 10 years. mostly thanks to increases in health care spending on medicare and medicaid. the feds are expected to spend more than $3.5 this fiscal year. nearly 3.6 trillion in 2014. 4 trillion in 2016 and 5 trillion by 20
secretary of state hillary clinton saying today that future of syria can not possibly include bashar al-assad. >>> 2,000 people gathering at pearl harbor observing the 70th anniversary of attack. in december 7, 1941 a japanese attack killed thousands of americans, thrusting the united states into world war ii. a moment of silence was observed at 7.59 a.m., exactly when the bombing began. that is the news from fox. back to you, tracy. tracy: arthel, thank you very much. the federal...
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speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will not use chemical weapons against its own people, calling an assertion to the contrary to a pretext for intervention. >timothy geithner is says the obama administration is prepared to see the u.s. go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no r
speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will...
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. >>> at a university in dublin hillary clinton called for dialogue to ease the unrest in egypt. >> we call on all the stakeholders in egypt to settle their differences through discussion and debate, not through violence. >> clinton also called on egypt's leaders to protect the country's promise of post revolution democracy. >>> back here at home, as the fiscal cliff standoff continues in washington the president took his plan out of town to northern virginia where he sat down with a middle class family to talk about the potential impacts they face from the looming fiscal cliff. it's now just 25 days away. nbc's tracie potts joins us with those details from washington. >>> lynn, good morning. good morning, everyone. the president spent time with a family who answered a call from the white house. the question was what would you do if you had to pay another $2200 in taxes. that's what the white house says will be the average impact on middle class families if they don't work out avoiding this fiscal cliff. the president sat down with a couple, a teacher, a man who works at an auto dealer
. >>> at a university in dublin hillary clinton called for dialogue to ease the unrest in egypt. >> we call on all the stakeholders in egypt to settle their differences through discussion and debate, not through violence. >> clinton also called on egypt's leaders to protect the country's promise of post revolution democracy. >>> back here at home, as the fiscal cliff standoff continues in washington the president took his plan out of town to northern virginia where...
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability....
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that is the key concern of anybody, it is not about the clintons in the water but the fact that the current practice is to dispose of the water as it is garbage into disposal wells and that water will never see the light of day. stuart: i have got to ask about the price. can you give me a rough idea how much it costs to clean the water from one well for one year? can you tell me? >> not in those terms exactly. our costs is going to be lower than the cost of the current practices of disposing of the water and replenishing the water with aquifer. our cost generally will be 80% or lower, 20% or 80% of the current cost, 40% lower or more than the current practices. stuart: i wanted dollar number. current practices cost how much? >> current practices in the texas area in the neighborhood of $2 -- [talking over each other] stuart: for what? >> $2 per barrel. a barrel is 42 gallons. it can be $8 for the same thing. we obviously are going to be comparative but we can deliver the water, clean water for lower-priced, it takes to dispose of it. stuart: that is a very interesting proposition. we apprec
that is the key concern of anybody, it is not about the clintons in the water but the fact that the current practice is to dispose of the water as it is garbage into disposal wells and that water will never see the light of day. stuart: i have got to ask about the price. can you give me a rough idea how much it costs to clean the water from one well for one year? can you tell me? >> not in those terms exactly. our costs is going to be lower than the cost of the current practices of...
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a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. the flu comes on fast, so a
a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription...
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police say they rammed the car beforezed the bomb hours clinton got to belfast. be attending the ireland the fund-raising dinner belfast later today. of her laste one foreign engagement as a member obama's capita. peopleain, four arrested. close eye on this story and any new developments we will pass along. >> in northwest washington floodingood program to cheer about morning, a possible plan to fix the problem. john gonzalez joins us from the with of neighborhood details. tell us about it. interestingly enough, we are getting some rain this morning, many of these residents fear so much. aboutew plan would cost $135 million, much more expensive than the original which would that be done in 13 years. this plan would partially be completed in 2014, which is hope for many of the live in this local neighborhood because of a series of bad floods. already low lying and also where major storm drains converge. bad floods in four months this year alone. idea is to convert a nearby filtration site into storage s dold 3 million gallons of a six-blockg with metro size of an
police say they rammed the car beforezed the bomb hours clinton got to belfast. be attending the ireland the fund-raising dinner belfast later today. of her laste one foreign engagement as a member obama's capita. peopleain, four arrested. close eye on this story and any new developments we will pass along. >> in northwest washington floodingood program to cheer about morning, a possible plan to fix the problem. john gonzalez joins us from the with of neighborhood details. tell us about...
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. >> well, defense of marriage act -- defense of marriage act was signed by president clinton in 1996, and it's a law that says the federal government, all as pecks of the federal government, including the internal revenue service will not recognize same-sex marriages even many states where same-sex marriage is legal and two appeals courts have held that that is unconstitutional, that it is unlawful discrimination. the obama administration agrees that this law is unconstitutional. it's now being defended by a lawyer hired by the house of representatives, and the case about is the defense of marriage act constitutional, that is one. there are several different cases raising that issue that the justices are probably going to decide whether to hear today. >> california's prop 8, what would that entail? >> propositional is a very different case because that's really a more fundamental case that potentially could apply in every state of the union. basically that question is does the constitution require that everyone, gay or straight, has the right to get married, and what makes the propos
. >> well, defense of marriage act -- defense of marriage act was signed by president clinton in 1996, and it's a law that says the federal government, all as pecks of the federal government, including the internal revenue service will not recognize same-sex marriages even many states where same-sex marriage is legal and two appeals courts have held that that is unconstitutional, that it is unlawful discrimination. the obama administration agrees that this law is unconstitutional. it's...
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both michelle obama and bill clinton were nominated in the category best spoken word album. good for them. yeah. yeah. true story. michelle was nominated for the audio version of her book american grown, and bill clinton was nominated for the audio version "50 shades of gray." >> "early start" continues right now. >>> breaking news near tokyo. a powerful earthquake hit off the coast. a tsunami warning issued. and then lifted. we go live to japan straight ahead. >>> and the "new york post" photographer who took the picture of the man on the subway tracks before he was hit sits down to tell us his side of the story. we'll hear from him this hour. >>> and imagine a professional football game without kickoffs. it's just one of the suggestions to improve the safety of the game for players. details this hour on cnn. >> i'm curious as to how everybody feels about that. >> welcome to "early start." i'm christine roman by devastating tsunami that killed 15,000 people and caused widespread damage. the tsunami this time hit a place called -- or near a town almost totally devastated in
both michelle obama and bill clinton were nominated in the category best spoken word album. good for them. yeah. yeah. true story. michelle was nominated for the audio version of her book american grown, and bill clinton was nominated for the audio version "50 shades of gray." >> "early start" continues right now. >>> breaking news near tokyo. a powerful earthquake hit off the coast. a tsunami warning issued. and then lifted. we go live to japan straight...
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joining us with the news of the arrest and that secretary clinton will testify before the house. welcome, congresswoman, great to have you here. what do you know about the latest arrest of the suspect tied to the attack on the benghazi consulate. >> it is welcome news they are getting results. this will be a test of the mursi muslim brotherhood led government which as of late was a deep disappointment and caused great concern in the international community about the move for authoritis and suppression of the minority and power grab of the mursi regime. now if they cooperate with the u.s. and turn this individual and others over to the united states for prosecution doesn't mine we'll let the mursi government off of the hook. we are giving good money after bad. the administration is asking for the government to have 450 million from u.s. taxpayer dollars . we have seen nothing but bad moves by the egyptian authorities. we are hopeful that this investigation that is it leading to this arrest and maybe others because it is not a one person operation will finally get yesterday for the
joining us with the news of the arrest and that secretary clinton will testify before the house. welcome, congresswoman, great to have you here. what do you know about the latest arrest of the suspect tied to the attack on the benghazi consulate. >> it is welcome news they are getting results. this will be a test of the mursi muslim brotherhood led government which as of late was a deep disappointment and caused great concern in the international community about the move for authoritis...
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hillary clinton saying the u.s. is worried about an increasingly desperate bashar al-assad may use the weapons or lose control of them. this battle has been exploited to some extent by al qaeda. the rebels have been infiltrated by al qaeda, which is becoming a growing force there. in any event, the concern about chemical weapons is vast. we will have one with the united states is now doing about the situation with general jack keane coming up in a bed. on capitol hill, national intelligence director james clapper just got done freaking house members on the deadly terror attack against our consulate and then got become libya. fox news has learned that mr. james clapper show them a timeline of the attack. you can see demonstrators reaching across and they began to loot and set fires. some of the demonstrators are seen armed, and there's a portion of the video showing the attackers running into the compound. we will have much more on what they learned on capitol hill in benghazi in the next hour. growing privacy concer
hillary clinton saying the u.s. is worried about an increasingly desperate bashar al-assad may use the weapons or lose control of them. this battle has been exploited to some extent by al qaeda. the rebels have been infiltrated by al qaeda, which is becoming a growing force there. in any event, the concern about chemical weapons is vast. we will have one with the united states is now doing about the situation with general jack keane coming up in a bed. on capitol hill, national intelligence...
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that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down here on either side on the deal. yeah, people have been describing it like that, some people said it's like a scorpian dance, you know, they are kind of stalking each other and waiting to get in that room and make the deal. erskine bowles said something similar that, both sides can't really talk about what it's going to be, because they would get pummeled by the base if either side really knew what they are going to in the end agree to. that is the hopeful optimistic side that a deal will be reached. there is another side that says, thi
that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down...
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is do what bill clinton did and reach across the table. >> susie: you know, bond the-- beyond the fiscal cliff and i know that say big issue hanging over the markets but there are also fundamentals going on as well. we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think gold is in a secular bull market. i think it's just been consolidating the big
is do what bill clinton did and reach across the table. >> susie: you know, bond the-- beyond the fiscal cliff and i know that say big issue hanging over the markets but there are also fundamentals going on as well. we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two...
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. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. speaking of chris christie he gets what he's wanting his whole life. this guy is a regular guy in some ways. that's ahead on "hardball," the place for politics. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. i tell them dentures are very different to real teeth. they're abo
. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. speaking of chris christie he gets what he's wanting his whole life. this guy is a regular guy in some ways. that's ahead on "hardball," the place for...
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the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming and when we get closer that is when the market will tank. >>neil: take your money and run. >>guest: for political pumps folks are willing to go over. that is dangerous much next year if we go o
the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of...
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>>neil: but we know it is not returning to the clinton tax rates. as you pointed out between the sur taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have the very bad who we have today. it is, unfortunately, we are never going to bring the economy back unless we get control of the spending and get toward the low rate flat tax. can you not do it. >>neil: i don't think either side has offered enough on spending. i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little
>>neil: but we know it is not returning to the clinton tax rates. as you pointed out between the sur taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have...
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. >> hillary clinton releasing this statement yesterday events on the ground in syria are accelerating we see that in many different ways. the pressure against the regime in and around damascus seems to be increasing.what happens if a forth with the chemical warfare. senator mccain is discussing the role of the united states. >> i think we would be directly responsible. all of those who argued against intervention warned us that if we intervene these terrible things would happen. well, we did intervene and all of these terrible things, the consequences have been huge as we sat by and watched these 40,000 people massacred. it was very clear that there is more al qaeda and jihadists in syria. some of the arms because we didn't supply it supplied from saudi arabia and qutar gone to saudi rab gnaw and jihadist. because we didn't establish a safe zone for them to organize and basically have a benghazi they have been disjointed and unable to coordinate together. this is a serious crisis and we have to be prepared to put american troops, not to fight, not to be on the ground to fight but perh
. >> hillary clinton releasing this statement yesterday events on the ground in syria are accelerating we see that in many different ways. the pressure against the regime in and around damascus seems to be increasing.what happens if a forth with the chemical warfare. senator mccain is discussing the role of the united states. >> i think we would be directly responsible. all of those who argued against intervention warned us that if we intervene these terrible things would happen....
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christie against clinton, one person very polite and the other -- wow -- >> speaking of chris christie gets what he wanted his whole life. this guy is a regular guy in some ways ahead. this is "hardball," the place for politics. hanging out with. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. olaf gets great rewards for his small bu
christie against clinton, one person very polite and the other -- wow -- >> speaking of chris christie gets what he wanted his whole life. this guy is a regular guy in some ways ahead. this is "hardball," the place for politics. hanging out with. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food...
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. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. >>> welcome back to "hardball." time for the "sideshow." first, governor chris christie, as i said, is an outrageous bruce springsteen fan. he's been to over 100 of the boss' concerts, but self-proclaimed liberal bruce himself hasn't returned the love until lately. last night christie told jon stewart about meeting springsteen at the nbc telethon for hurricane sandy. >> i was on the stage afterwards talking to steve van zandt and max, and all of a sudden they were looking behind me. they moved away and stopped talking. so i turned around, and there he was. >> and there he was. >> there he was. >> and he gave you -- >> he put his hand out, and i shook his hand. i tried to be cool, i wasn't. >> no. >> and then he said, come on, give me a hug. and i said, all right. and i hugged
. >> chris christie against hillary clinton would be -- >> it would be a barn burner. >> one is careful and professional. the other is a wild swinger, you don't know what he's going to do, overweight, the whole thing. wow, what an election. thank you, michael steele. happy weekend. joy reid, relax this weekend. >>> welcome back to "hardball." time for the "sideshow." first, governor chris christie, as i said, is an outrageous bruce springsteen...